Kuribayashi Steamship Co.,Ltd. [9171.T]
TOKYO, May 12 (Pulse News Wire) – Kuribayashi Steamship CO.,LTD. (9171.T) reported a lower net profit of ¥26 million for the fiscal fourth quarter ended March 2026, compared to a profit of ¥2.013 billion in the same period last year.
Revenue was ¥13.83 billion from ¥14.89 billion due to reduced cargo volumes and higher fuel costs. Operating profit declined to ¥2.081 billion from ¥2.081 billion, while ordinary profit dropped to ¥1.993 billion from ¥2.013 billion. In its marine division, despite increased paper and vehicle shipments, lower agricultural and consumer goods transport volumes, along with rising operational expenses such as fuel prices, labor costs, and equipment fees, led to decreased revenue and profits.
Hotel operations saw a decline in Chinese tourists during winter, coupled with increased operating costs, resulting in reduced revenues and profitability. However, real estate activities improved due to switching part of the land for self-use, leading to higher profits despite reduced income. Looking ahead, the company maintained its full-year forecast, expecting sales of ¥53.83 billion and operating profit of ¥2.081 billion for the fiscal year ending March 2026.
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